Coinbase's First-Quarter Profit, Revenue Top Forecasts [BNN Bloomberg (Canada)]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
convertedorganic.com
Company Research
Source: BNN Bloomberg
Revenue more than doubled to $1.58 billion, topping the $1.32 billion average estimate of analysts surveyed by Bloomberg. Net income was $1.17 billion, or $4.40 a share, compared with a loss of $79 million, or 34 cents, a year earlier, the largest US crypto exchange said in a shareholder letter Thursday. Consumer transaction revenue nearly doubled from the fourth quarter, to more than $1 billion, driven mostly by retail users. Institutional customers accounted for the majority of trading volume. Coinbase's trading volume and mobile-app downloads surged during the rival of demand that was driven by the January introduction of US spot Bitcoin exchange-traded funds. Bitcoin rose a record of almost $74,000 in March. The second consecutive quarterly profit followed seven straight losses, a period that has been referred to as crypto winter. Shares of Coinbase fell about 4% in after-hour trading. The stock has climbed almost 30% this year, while Bitcoin has increased around 40%. For
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COIN
News
- Coinbase Stock Is Down. A New Crypto-Trading Rival May Be About to Emerge. [Yahoo! Finance]Yahoo! Finance
- LocalMonero Shutdown Is Another Blow for Privacy Tech [Yahoo! Finance]Yahoo! Finance
- Intchains Group Limited Reports First Quarter 2024 Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
- Chip Gear Giant Applied Materials Posts Beat-And-Raise Report [Yahoo! Finance]Yahoo! Finance
- Coinbase Shares Sink 9% on Report CME to Consider Listing Spot Bitcoin [Yahoo! Finance]Yahoo! Finance
COIN
Earnings
- 5/2/24 - Beat
COIN
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- COIN's page on the SEC website